财务报告的质量公允价值是利还是弊【外文翻译】.doc

文档介绍：外文文献翻译原文:Financialreportingquality:isfairvalueaplusoraminus?ountingStandardsBoard(IASB)ountingStandardBoard(FASB),ratherthanhow,fairvaluemeasurementshouldbeappliedisstillfarfromresolved,,butitisfairtosaythatprinciplesgoverningtheapplicabilityoffairvalueshaveyettobearticulated:ountingappropriateandwhenisitnot?Or,intermsofmychargeforthispaper,underwhatcircumstancesisfairvalueaplusoraminus?Toprepareformytask,ountingbyavarietyofstandardsetters,regulators,analysts,‘minuses’typicallypointtothedangersoffairvalueestimatesfrommarkingtomodelratherthanmarkingtomarket,concernsaboutintroducing‘excessvolatility’intoearnings,andfeedbackeffects(onbanks’lendingpractices,forexample)thatcoulddamageabusinessand,indeed,(forbankassetsandliabilities,forexample)reallycapturetheeconomicsofabusiness(infosteringcoredepositsandmakingloans).Incounterpoint,,oftenadvancedas‘pluses’:•Investorsareconcernedwithvalue,notcosts,soreportfairvalues•Withthepassageoftime,eirrelevantinassessinganentity’